Tag Archives: Suspicious Activity Reports (SARs)

Making Millions While Being A “Public Servant”

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On Tuesday, Jonathan Turley posted an article on his website about the investigation into the Biden family business dealings.

The article reports:

House Oversight Committee Chairman James Comer  has revealed that there are not three but nine members of the Biden family that may have benefitted from suspected influence peddling efforts. For those of us who have long criticized the corrupt practices of the Biden family, the identity of these other family members is intriguing after the Committee secured new bank and financial records. Democratic members again insisted that there is no need to investigate such influence peddling.

The new information on the Biden family is due largely to the takeover of the House by the GOP. Previously, Democrats blocked efforts to investigate influence peddling by the Biden family for years.

After assuming control of the Committee. Comer sought suspicious activity reports sent by banks to the Treasury Department alerting of potential criminal activity in transactions involving President Biden’s family.

He stated on Monday that “We’ve identified six additional members of Joe Biden’s family who may have benefited from the Biden family’s businesses that we are investigating, bringing the total number of those involved or benefiting to nine.” Those are six names are in addition to three Biden family members and two associates previously linked to payment from China in 2017 .  Three million was wired Biden family associate Rob Walker in March 2017, who then allegedly divided and distributed the funds later.

There remains an “Unknown Biden” who received four payments in 2017 totaling $70,000.

The article concludes:

In discussing these deals, Joe Biden is referenced with code names such as “Celtic” or “the big guy.” In one, “the big guy” is discussed as possibly receiving a 10% cut on a deal with a Chinese energy firm. There are also references to Hunter paying off the bills of his father from shared accounts. From his board memberships to venture deals to legal fees to his art deals, Hunter Biden is a tour de force of alleged corrupt practices used in Washington.

Many Democrats and legal experts have objected that influence peddling is not a crime. However, it is corrupt and squarely within the oversight authority of Congress. Indeed, if it is not a matter for criminal charges, such congressional action may be the only way to force accountability for corrupt efforts to sell influence and access.

It is quite possible that President Biden and his family may never be held accountable for their influence peddling. The only value in pointing out their wrongdoing is in letting voters decide how much corruption they are willing to put up with.

Some Progress In An Ongoing Investigation

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On Tuesday, Breitbart reported that the Treasury Department will comply with the request of the House Oversight Committee’s request to hand over the suspicious activity reports (SARs) generated by the Biden family and their associates’ business transactions.

The article reports:

The Treasury’s compliance to disclose the SARs is a massive development in the House Oversight Committee’s investigation into the Biden family business to determine if President Joe Biden is compromised by communist China. The committee is investigating the Biden family business for nine violations, including wire fraud and money laundering.

U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money tagged for further review by the Treasury. SARs “often contain evidence of potential criminal activities, such as money laundering and fraud,” according to a 2020 Senate report.

The suspicious records will provide details about how the family business operates and desired transparency on Hunter, James, and Frank’s foreign business transactions, along with knowledge of whether Joe Biden remains compromised by foreign governments through his family’s business.

The article concludes:

In 2018 and 2020, Breitbart Senior Contributor and Government Accountability Institute President Peter Schweizer published Secret Empires and Profiles in Corruption. Each book hit #1 on the New York Times bestseller list and exposed how Hunter Biden and Joe Biden flew aboard Air Force Two in 2013 to China before Hunter’s firm inked a $1.5 billion deal with a subsidiary of the Chinese government’s Bank of China less than two weeks after the trip. Schweizer’s work also uncovered the Biden family’s other vast and lucrative foreign deals and cronyism.

Breitbart Political Editor Emma-Jo Morris’s investigative work at the New York Post on the Hunter Biden “laptop from hell” also captured international headlines when she, along with Miranda Devine, revealed that Joe Biden was intimately involved in Hunter’s businesses, appearing to even have a ten percent stake in a company the scion formed with officials at the highest levels of the Chinese Communist Party.

I guess the deep state really doesn’t want President Biden to run for re-election in 2024.

This Is No Surprise To My Boston Friends

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On April 14th, Fox News posted an article about some of Hunter Biden’s business associates. As my mother used to say, “You are known by the company you keep.”

The article reports:

James “Whitey” Bulger’s nephew, Jim Bulger, was a business associate of Hunter Biden, and according to emails obtained and reviewed by Fox News Digital, appears to have played a key role in a number of his Chinese business ventures. 

Whitey Bulger was a notorious Boston crime boss, who became one of the nation’s most-wanted fugitives after fleeing Boston in late 1994. He was captured in 2011. Bulger was serving a life sentence for 11 murders and other crimes when he died in prison in October 2018. 

In addition to being Whitey’s nephew, Jim Bulger is the son of William “Billy” Bulger, who served as president of the Massachusetts State Senate for eight years. Billy Bulger was an ally of John Kerry when he served in the Senate. Kerry’s stepson, Christopher Heinz, co-founded Rosemont Seneca with Hunter Biden and Devon Archer.

The article also notes that Hunter Biden has been under federal investigation for his ‘tax affairs’ since 2018. Is anyone willing to make bets as to whether or not the laws that apply to the rest of America apply to the Biden family?

The article concludes:

The federal investigation into Hunter Biden was predicated, in part, by Suspicious Activity Reports (SARs) regarding suspicious foreign transactions.

Another source familiar with the investigation told Fox News in December 2020 that the SARs were regarding funds from “China and other foreign nations.”

A Treasury Department official, who did not comment on the investigation, spoke broadly about SARs, telling Fox News that SARs are filed by financial institutions “if there is something out of the ordinary about a particular transaction.”

The official told Fox News that the mere filing of a SAR does not mean there has been a criminal act, or violation of regulations, but instead, flags that a transaction is “out of the ordinary” for the customer. The official noted, though, that a SAR could be part of a money laundering or tax investigation.

Meanwhile, the grand jury continues to investigate Hunter Biden’s international business dealings—even after he paid off a tax liability following the announcement of the probe into his “tax affairs.”

Hunter Biden, weeks after the 2020 presidential election, released a statement acknowledging the federal investigation of his “tax affairs.”

“I take this matter very seriously, but I am confident that a professional and objective review of these matters will demonstrate that I handled my affairs legally and appropriately, including with the benefit of professional tax advisors,” Biden said in the December 2020 statement.

Translated loosely that means, “Barack and I control the Justice Department so I am not worried about my son.”

Please follow the link above to read the entire article. It includes a number of screenshots of emails about Hunter Biden’s business deals.